Maharashtra State BoardHSC Commerce 12th Board Exam
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Select the Proper Option from the Options Given Below and Rewrite the Completed Sentence. a Joint Stock Company is an Artificial Person Created by - Organisation of Commerce and Management

MCQ

Select the proper option from the options given below and rewrite the completed sentence.
A joint stock company is an Artificial person created by ________.

Options

  • law

  • public

  • directors

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Solution

A joint stock company is an artificial person created by law.
Explanation:
A joint stock company is an artificial person created by the law. It cannot be seen physically but it has a name, it uses the common seal in place of its signature and it can enter into contracts.

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Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
Select the proper option | Q 19 | Page 37
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